PIMCO Municipal Income Fund Plans Monthly Dividend of $0.04 (NYSE:PMF)

PIMCO Municipal Income Fund (NYSE:PMF) announced a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.042 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Monday, August 12th.

PIMCO Municipal Income Fund has decreased its dividend by an average of 8.0% per year over the last three years.

PIMCO Municipal Income Fund Stock Performance

Shares of NYSE PMF traded up $0.15 during mid-day trading on Friday, reaching $9.45. 159,528 shares of the company were exchanged, compared to its average volume of 65,537. The company’s 50 day moving average price is $9.22 and its 200 day moving average price is $9.27. PIMCO Municipal Income Fund has a 52 week low of $7.69 and a 52 week high of $9.83.

About PIMCO Municipal Income Fund

PIMCO Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.